The Wall Street Journal posted an article about Hurricane Ian and its impact on Florida homeowners. The article touches on how legal battle is looming for home insurers in Florida as cash-strapped, underinsured homeowners are expected to turn to the court system to try to force payments for flood damage that the carriers say they aren’t legally obligated to cover. Robert Hartwig, director of the Center for Risk and Uncertainty Management at the University of South Carolina’s business school, believes Ian-related legal disputes are “unavoidable in a state with a trial bar that is already intimately familiar with the homeowners insurance market.” That said, legal precedents established in the Katrina lawsuits will help to “limit where this litigation can go,” he said.
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